Crypto Price Today (14th May): Ethereum and Dogecoin Surge,Bitcoin Holds Steady

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Ethereum and Dogecoin took the spotlight on Wednesday, both rallying nearly 9% in a single day and extending a week-long bullish streak. ETH climbed past $2,600, while Dogecoin shot up to around $0.24, pushing the overall market mood into a positive zone despite some macroeconomic headwinds.

Crypto Market Today

The total crypto market cap jumped by 1.7%, with Bitcoin holding steady around $103,700. But while the green candles keep flashing, traders are trading carefully. A stronger U.S. dollar and renewed trade tensions have stirred some nerves, raising the risk of short-term profit-taking, especially with Bitcoin hovering near its highs.

Analysts are split on where BTC heads next. FxPro’s Alex Kuptsikevich pointed out that the dollar’s strength is putting natural pressure on crypto markets. Meanwhile, QCP Capital highlighted that Bitcoin seems caught between two narratives, one as a safe haven and the other as a risk asset, which is creating indecision in the market.

Crypto Fear and Greed Index 

Despite these uncertainties, the mood among investors remains upbeat. The Fear & Greed Index has held above 70 for four days straight, indicating sustained bullish sentiment. Glassnode analysts are now watching Bitcoin closely near the $105,000 mark to see if it will break higher or stall.

Meanwhile, institutional flow hasn’t slowed down. Data from CoinShares shows that crypto investment products attracted $882 million in inflows last week. Bitcoin led with a dominant $867 million, while Ethereum attracted modest flows. Interestingly, Solana saw $3.4 million in outflows, even though traders have been actively buying call options targeting a $200 price by late June.

All in all, while global market factors may weigh on short-term action, the altcoin energy and strong capital inflows are keeping the overall crypto mood fairly upbeat.

Is Altcoin Season on the Horizon?

With the rising market cap of altcoins, the altcoin season is also gaining momentum as Ethereum and several other altcoins begin to rally while Bitcoin hovers near its peak. Social media buzz suggests growing confidence that a major breakout is near, with many users pointing to ETH’s quiet climb as a signal. 

However, according to the Altcoin Season Index, which tracks how many top coins outperform Bitcoin over 90 days, we’re not there yet, as the current reading is just 32 out of 75 required. While the hype is building and market conditions are stirring, the data shows altcoin season hasn’t officially kicked off, though it may be just around the corner.